Right to Acquire Mortgage Approved After a Past Debt Relief Order (DRO)
A case study showing how a first-time buyer secured a Right to Acquire mortgage after a historic DRO and a small default.
- Publication date
- Case ID:
- 285625032
Question:
"Can I buy my property under the right to acquire scheme if I've had a DRO and some credit problems?"
Customer situation
Single applicant
First-time buyer (Right to Acquire)
Employed long-term
Salary plus benefit income
Gifted deposit plus discount
Right to Acquire property
One Debt Relief Order, registered over 6 years ago
One small £184 mobile phone default, registered around 18 months ago
Why This Wasn't Straightforward
The case involved a Right to Acquire purchase alongside a historic Debt Relief Order, both of which independently restrict lender options. Many lenders automatically exclude applicants with previous insolvency from scheme-based purchases, regardless of how long ago the DRO occurred or whether it was satisfied. This significantly reduced the number of lenders able to assess the application.
The Outcome
Mortgage approved.
A specialist lender experienced with Right to Acquire assessed the wider circumstances rather than relying solely on automated scoring.
Key points
- Loan-to-value
- 85%
- Mortgage term
- 28 years
- Lender type
- Specialist lender where historic adverse credit does not result in automatic decline
Who This May
Be Relevant For
Applicants seeking a Right to Acquire mortgage after a historic DRO
Borrowers whose past insolvency has restricted lender choice
Applicants declined because lenders automatically exclude DROs
Buyers unsure whether older insolvency still affects Right to Acquire mortgages
Plain-English Summary
Past financial difficulty doesn't always define your future options. With time and stability, some lenders will still consider Right to Acquire applications.